$PENGU Short Liquidation Alert
Coin: $PENGU
Liquidation Value: $5.07K
Price Level: $0.04192
Here’s a detailed breakdown of this PENGU short liquidation:
Price Action: PENGU climbed above the $0.0419 mark, triggering a short liquidation worth $5.07K. This upward move reflects robust buying pressure, forcing shorts to exit and accelerating the price rally.
Volume Surge: Trading volume surged by 21%, indicating heightened activity as the short liquidation amplified the bullish momentum.
Market Sentiment: Sentiment has shifted firmly to bullish, with the next resistance level near $0.043. The short squeeze highlights strong interest from buyers.
Opportunity for Traders:
If PENGU sustains above $0.0419, it could present a buy-the-breakout opportunity, with potential targets at $0.043 and $0.045.
A dip below $0.0419 might test $0.041, but the trend remains bullish unless the price falls below $0.0405.
Key Insight: The liquidation reflects strengthening bullish control. Holding above $0.0419 could pave the way for further gains.
Price Targets:
Upside Potential: $0.043 - $0.045
Risk Zone: Below $0.0419, potential pullback toward $0.041
PENGU is showing strong momentum—watch for continued upside!